While Western nations, such as the US and Germany, currently dominate the market, emerging economies are expected to see the fastest growth over the forecast period. Despite the US being the biggest market in the treatment area with a value of $1.4 billion in 2014, the Asia-Pacific (APAC) region, which consists of Japan, China, and India, is expected to become the fastest growing market. Japan had the largest share of the APAC compression therapy market with a 41% stake in 2014, but this will fall to 29% by the end of the forecast period as the other markets experience faster growth. China and India are forecast to claim 40% and 31% of the APAC market, respectively, by 2021.
GlobalData’s MediPoint: Compression Therapy – Global Analysis and Market Forecasts report provides analysis of the compression therapy space across the 10 major markets of the US, France, Germany, Italy, Spain, the UK, Japan, Brazil, China and India, including annualized market data from 2014 and forecast until 2021.
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